Sipay funding news – Fintech Startup Sipay Secures $15Million in Series A Round Funding

Anfa, a worldwide investment firm renowned for its enduring relationships with remarkable entrepreneurs, led the round. Due to its 10x year-over-year growth, Sipay, a 2019 startup, was just named by Deloitte as the fastest-growing fintech in Turkey.

The round also included money from angel investors and included participation from Jitendra Gupta of Citrus Pay and Jupiter, Amrish Rau of Pine Labs, Kunal Shah of CRED, Ravish Naresh of Khatabook, and Edward Lando of Pareto Holdings.

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With its headquarters located in Istanbul, it serves a diverse range of clientele that includes financial institutions, conventional industrial and retail enterprises, leading technology companies like Hepsipay and Delivery Hero's acquisition of Yemeksepeti, as well as extensive global networks like Trendyol, which is owned by Alibaba.

Nezih Sipahioğlu, Founder and CEO Sipay, commented: “This announcement is a testament to the hard work and dedication of our team. We remain committed to our mission of empowering businesses and individuals through a comprehensive financial marketplace—a single worldwide platform offering a range of financial products and services to address their needs.”

Idris Sami, Partner at Anfa, said of the raise: “Nezih and team have achieved a lot with a little. We are thrilled to partner with them.”

About Sipay

Sipay Electronic Money and Payment Services Inc. is a fintech business that approaches the payment systems industry with dynamism and innovation. Sipay offers a one-stop shop for virtual point of sale, digital wallet infrastructure, bank transfers, card and cardless payments, and other alternative payment methods.

With its skilled R&D team, global knowledge, and experienced management team, Sipay provides 360-degree solutions and holds the PCI-DSS certificate—the highest security level in the world.